Investor Gabriel Brener bought the home from the Disneys in 1998 for $8.45 million and rebuilt a new home.

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A look at the home that now sits on the land that Walt Disney owned in Holmby Hills.

Updated at 6:33 AM PDT on Tuesday, Jun 18, 2013

In 1949, Lillian Disney expressed interest in a piece of L.A. land in a neighborhood called Holmby Hills. Lillian and her cartoonist husband Walt purchased the property and built their dream home, which still stands today.

And now, more than six decades later, the home is on the market for $90 million, reports Forbes. Chief executive of private investment firm Brener International Group and co-owner of the Houston Dynamo soccer team Gabriel Brener bought the home from the Disneys in 1998 for $8.45 million, a year after Lillian's death.

Brener tore the house down and built a brand-new 35,000-square-foot mansion, which boasts eight bedrooms, 17 baths, a two-story entry foyer, and staff quarters. There's also a custom movie room, three bars, a library, gym, wine cellar, and two safe rooms. The property includes a swimming pool with pool house, tennis court, and putting green. It also offers the utmost privacy.

When the Disneys owned the property, Walt built a 1/8-scale steam railroad with a half-mile of track (including overpasses, a 46-foot-long trestle and an S-shaped underground tunnel) with a standalone barn with a control room in the back yard. The train would become known as the Carolwood Pacific Railroad, and according to Forbes "would serve as part of the inspiration to create Disneyland."

Though the home has been razed, the 90-foot subterranean tunnel remains, with an ivy-covered stone archway with the date "1950" marking its entrance.